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Print 8 comment(s) - last by crystal clear.. on Sep 27 at 5:23 AM

Hector Ruiz steps down as Spansion's Chairman of the Board

Spansion, a company experienced in the development of flash memory and formed by AMD and Fujitsu in 1992, is experiencing a changing of the guard in the Chairman of the Board position. Hector Ruiz, who serves as Chairman and CEO for AMD, also served as Chairman of the Board for Spansion -- that position will now be taken over by Donald L. Lucas.

In addition, Gilles Delfassy was also appointed to Spansion’s Board of Directors. "Their deep semiconductor business, operations, financial and technology expertise will be a strong complement to the board in an exciting time for the company as we continue to redefine the Flash memory industry," said Spansion CEO Bertrand Cambou.  "On behalf of the Board, I would like to thank Hector for his considerable contributions as an inspirational and instrumental leader for the Spansion Board, who played a significant role in helping Spansion achieve its status as a leading, independent NOR Flash memory company."

Lucas has been affiliated with a number of companies over the past thirty years including National Semiconductor Corporation (which he helped to found), Oracle and Dexcom. Delfassy served as senior vice president for Texas Instruments.

"I have always been interested in and worked with great leaders of technology companies," remarked Lucas. "With a Board of Directors focused on improving the company’s capital structure, a strong management team, solid long term strategy and compelling technology and solutions, Spansion is well positioned for future success."

"In my role at Texas Instruments, I worked closely with Spansion over the years through a strong alliance in the wireless area," added Delfassy. "I now look forward to joining the board and more directly participating in Spansion’s growth opportunity."

Ruiz's departure from the Spansion board should give him more time to focus on ensuring the success of AMD's new Barcelona architecture. AMD's L3 cache-equipped Barcelona processors are based on a 65nm manufacturing process and feature up to 4.5MB of onboard cache.

AMD's new quad-core and upcoming triple-core Barcelona processors will be going toe-to-toe with Intel's upcoming Penryn family of processors.



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Thanks Crystal Clear
By KristopherKubicki (blog) on 9/26/2007 4:06:12 PM , Rating: 2
Thanks for the tip Crystal Clear.




RE: Thanks Crystal Clear
By crystal clear on 9/27/2007 2:04:32 AM , Rating: 4
Sorry could not respond earlier due to "Succoth"(A jewish festival)

My CEO of home for 20yrs (wife) insist I be at the table(home) & off the computer & the hectic business schedule during this period(jewish festivals).

Sorry jewish wives & polish wives are tough when it comes to Home.(they are born like that)

quote:
Thanks for the tip Crystal Clear.


A pleasure to do this for you & the site.

What makes a site worthy of being branded- Worth Reading ?

50% the articles & 50% the comments-put them together & you have a site Worth Reading | Not Worth Reading

.

So I consider its a sort of responsibility of the commententors also to contribute their share of contents to get the site branded worth Reading.

I do my part with NO expectations in return.

Now to the news itself-see seperate comment.


I am curious when will he step down from AMD's CEO.
By Roy2001 on 9/26/2007 5:44:11 PM , Rating: 2
I am curious when will he step down from AMD's CEO.




By kilkennycat on 9/26/2007 6:14:58 PM , Rating: 2
Surprised it has not already happened, with the gross blunders in buying ATi with borrowed money plus paying 20% premium over market valuation for a company with chronic lackluster financial performance.


By TomZ on 9/26/2007 8:28:07 PM , Rating: 2
I agree, and so any news (like this article) of Ruiz' removal from a position of authority is good news.


AMD next
By Ben on 9/26/2007 7:46:16 PM , Rating: 2
Either way I think it's too late for AMD, but they may have a chance if they do it soon.




By crystal clear on 9/27/2007 3:06:50 AM , Rating: 2
There are quite a few here(like me & others in the past & now) on this site who have been insisting than he step down as CEO also.

Here are a few examples-(TomZ my favourite)

By TomZ on 8/23/2007 6:12:13 PM , Rating: 2

# I agree, and I would add that people rarely leave such a job when they are perceived to be highly successful.

# My views are like a lot of others who post here - I want to see both companies being successful. If one is doing a good job, we say "good job," and if one is doing a bad job, we say "bad job."

# In my opinion, this strategic mistake is bad enough that AMD shareholders should demand the resignations of all of the top management.

I guess time will tell.

# AMD has executed poorly for the past two years. What have they done right ? Just name one thing!

# I couldn't agree more - Ruiz should pack his bags, and the board should appoint a CEO who knows how to run a business. His name should be "Hector Ruin" instead of Ruiz since all he is doing is ruining AMD.

Crystal Clear comments -

IF the first to go should be Hector Ruiz-its high time the investors/shareholders takeup this issue & pack him off.

AMD spokesman Eric Deritis said- Richard's sales and marketing group is strong enough to stand on its own until the right person is found, Deritis said. "There's no feeling that we have to do this as soon as possible to fill a gap."

This sentence below -

"There's no feeling that we have to do this as soon as possible to fill a gap."

This clearly implies that the position is being left vacant intentionally to enable the next/NEW C.E.O to come in the near future appoint a person of his choice.

The winds of change are blowing in fast-heads will roll.


http://www.dailytech.com/article.aspx?newsid=8581



This sentence below says it all -

"There's no feeling that we have to do this as soon as possible to fill a gap."

This clearly implies that the position is being left vacant intentionally to enable the next/NEW C.E.O to come in the near future appoint a person of his choice.

The winds of change are blowing in fast-heads will roll.

Final analysis -

The article of the future on Daily Tech should read as follows-

Don Lucas Fills Hector Ruiz's Shoes as A.M.D. Chairman of the Board

If & when it does happen-then D.T.commentators could take the credit of saying "We were right all the way Ruiz should GO."

(Note-I used the bold font just to emphasize the point-sorry if it upsets anybody)




What next
By crystal clear on 9/27/2007 5:23:24 AM , Rating: 2
Read about their backgrounds/resume & think ......What next?...

Don Lucas has been a self-employed venture capitalist since 1967. He was an associate, a general partner and a limited partner of Draper Gaither and Anderson. Early in his career as a venture capitalist, Lucas led the founding of National Semiconductor Corporation.

http://investor.spansion.com/releasedetail.cfm?Rel...

He is a Venture Capitalist !!!

Gilles Delfassy, previously senior vice president of Texas Instruments Incorporated, has been at the helm of the company’s successful wireless terminals unit since its inception in 1995, growing it into a multibillion dollar operation. Under his guidance, TI became the world’s leading supplier of semiconductors for the wireless industry. He joined TI in 1978. Before his position in Dallas, Texas, he served as TI’s European Digital Signal Processing (DSP) Department Manager and before that he was running TI Europe’s Automotive Electronics business.


If you study their backgrounds,you notice the following-

* Don a venture capitalist

*Giles with a professional IT & managerial expertize.

It has been reported in the past in financial circles about private equity taking over AMD.

AMD says open to private equity financing
Thu Apr 19, 2007 7:41pm EDT

SAN FRANCISCO (Reuters) - Advanced Micro Devices Inc. (AMD.N: Quote, Profile, Research) is "completely open" to private equity financing if it makes sense for shareholders, a senior executive said on Thursday.

"We have absolutely no prejudice or bias toward the source of capital as long as it makes sense for us. We are completely open toward any of those opportunities," Chief Executive Hector Ruiz said when asked if the company would consider a deal with private equity.

"If it's something we think makes sense for our shareholders, we will certainly consider it," Ruiz said.


http://www.reuters.com/article/hotStocksNews/idUSN...

Over the past year, AMD shares have fallen 50 percent, compared with a rise of 30 percent for Intel. AMD stock rose 2.6 percent on Monday to close at $12.94 on the New York Stock Exchange.


Reuter-Tue Sep 11, 2007 3:51pm EDT

Note-AMD shares have fallen 50 percent & a third quarterly loss in a row.


A takeover/buyout is on the way very soon !

Out goes the current (full)management team -In comes the Venture capitalist team & AMD is ready to take on Intel head to head.

Finance will then be a problem of the PAST-Plently of money for R&D and Marketing.

Time will tell................




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